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Accommodation income down 12,3%
Accommodation income for the hospitality industry fell by 12,3% year-on-year to R1,76-billion according to figures released by Statistics South Africa. Total income for the accommodation industry (which includes restaurant and bar sales) for the three months to July decreased by 19,8%.
Business Live reports that the income from accommodation was down for the three months to July by 31,4% compared with the same period last year.
StatsSA says the decrease was due to a drop in the number of unit nights sold, which fell by 14,1% as well as a decrease of 20,2% in the average spend per unit night sold.
Read the full article on www.businesslive.co.za.
View the StatsSA figures.
Read more on www.sacommercialpropnews.co.za.
